ASIC

Policy & Regulation

ASIC scheduled to be back in the Parliamentary committee hot seat

Tough questions are awaiting the Australian Securities and Investments Commission when it fronts the Parliamentary Joint Committee on Corporations and Financial Services ...

Features

How everything has changed before the LIF is even reviewed

From the implementation of the FASEA regime through to the recommendations of the Royal Commission, Mike Taylor writes, a lot had changed before the Australian Securities...

Financial planning

Regulatory costs likely to go up: AFA

The loss of funding for regulatory bodies from the big institutions will still need to be covered by those left in the industry, as the corporate regulator relies on cost...

Financial planning

CBA found liable on 12,119 instances of overcharged interest

The Australian Securities and Investments Commission has successfully pursued a Royal Commission case study referral against the Commonwealth Bank involving overcharged i...

Financial planning

ASIC went direct to academics to commission controversial submission

The Australian Securities and Investments Commission has admitted going direct to Griffith University submissions to commission and pay for a controversial consumer submi...

Policy & Regulation

Ethics Centre among beneficiaries of left-over remediation payments

The Ethics Centre has been named by ASIC as being amongst a number of organisations which have benefited from ‘residual’ advice remediation payments. ...

Financial planning

How ASIC spent $31,000 on consumer advice submissions

The Australian Securities and Investments Commission funded $31,000 in consumer submissions about key financial advice policy issues including FoFA and the code of conduc...

Financial planning

Sydney adviser permanently banned

Daniel McSweeny has been banned from providing financial services by the corporate regulator for dishonesty and falsifying books....

Financial planning

ASIC explains what justifies calling advisers ‘advisers’

The wrongdoing may have little to do with the provision of financial advice but the Australian Securities and Investments Commission (ASIC) believes that if misdeeds are ...

Financial planning

ASIC 'very supportive' of quality limited advice

The Australian Securities and Investments Commission has declared its support for the provision of good quality limited advice while rebutting Government back-bench sugge...

Financial planning

ASIC orders financial planning firm to remove responsible manager

Financial planning firm, Poynter Hargraves has had additional conditions imposed on its license including the removal of its sole responsible manager....

Policy & Regulation

Finance director convicted for market manipulation

Ananda Kathiravelu has been convicted for conspiring to manipulate the market by attempting to inflate the value of the share price of Radar Iron Limited....

Policy & Regulation

ASIC asserts its reach into superannuation

On the eve of a major superannuation conference, the Australian Securities and Investments Commission has reminded superannuation fund trustees the degree to which they w...

Life/Risk

Life/risk advisers are busy but less risk is being written

Just 18 months out from the Australian Securities and Investments Commission delivering its review of the Life Insurance Framework a serious contradiction has emerged – s...

Financial planning

Are major licensees sitting on fragile balance sheets?

Analysis undertaken by the chief executive of one of Australia’s publicly-listed financial planning licensees is suggesting that a number of financial planning firms are ...